Seven key takeaways from day two of the Code conference

The second day of the tech-centric Code Conference was packed with big names and big news. Check out some of the highlights below.

Apple going to launch its best products in two decades

Apple fans rejoice, the iPhone maker is going to be launching some of its most impressive products later this year, said Eddy Cue, the company's senior vice president of Internet software and services.

"This is the best product pipeline I've seen in 25 years," Cue said.

Intel shows off a smart shirt

Intel CEO Brian Krzanich showed off a new wearable shirt that has built-in sensors. The shirt can measure heart rate, EKG and other vitals. It can also read a person's emotions by reading vitals and using that to determine how the wearer is feeling.

The shirt will go on sale this Summer by the company AIQ, he said.

Comcast defends Timer Warner takeover

Comcast CEO Brian Roberts defended the company's proposed takeover of Time Warner Cable, saying that if the company wants to compete, it needs to be in large markets. He also said that because new players are entering the space, Comcast needs to make moves to stay competitive.

"When you net this transaction out, we pick up New York and Los Angeles. I think if we are going to be a fabulous world-class company trying to innovate and be on par with other companies, you've got to offer your products in New York and Los Angeles," Roberts said. "Seven million customers is what we are adding."

No tech bubble here, pros say

Two pros weighed in on the debate of whether there's a tech bubble or not. Mary Meeker said that there's some hype in valuations, but overall tech space is much better positioned than it was during peak of dotcom bubble.

SoftBank CEO Masayoshi Son also weighed in. He said that in the early 2000's everyone's instincts about the Internet were right, but they overshot it dramatically. This tech boom is much smarter, he added.